Kennedy Capital Management LLC Trims Holdings in Helix Energy Solutions Group, Inc. $HLX

by · The Markets Daily

Kennedy Capital Management LLC cut its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX – Free Report) by 17.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 472,795 shares of the oil and gas company’s stock after selling 99,778 shares during the period. Kennedy Capital Management LLC’s holdings in Helix Energy Solutions Group were worth $2,950,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in Helix Energy Solutions Group by 243.4% during the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 3,576 shares during the last quarter. AlphaQuest LLC grew its position in Helix Energy Solutions Group by 594,600.0% in the 1st quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 5,946 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Helix Energy Solutions Group by 43.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 2,123 shares during the period. XTX Topco Ltd bought a new stake in shares of Helix Energy Solutions Group during the second quarter valued at about $80,000. Finally, Inceptionr LLC bought a new stake in shares of Helix Energy Solutions Group during the 2nd quarter worth about $84,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of HLX stock opened at $7.31 on Friday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 26.09 and a beta of 1.26. The stock’s fifty day simple moving average is $6.65 and its 200 day simple moving average is $6.48. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $10.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54.

Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The company had revenue of $376.96 million for the quarter, compared to the consensus estimate of $361.93 million. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HLX. Cowen restated a “buy” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 24th. TD Cowen lifted their price target on Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, October 24th. Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Wall Street Zen raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Read Our Latest Stock Report on Helix Energy Solutions Group

Insider Activity

In related news, COO Scott Andrew Sparks sold 40,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the sale, the chief operating officer directly owned 301,042 shares in the company, valued at $2,071,168.96. This represents a 11.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.60% of the company’s stock.

About Helix Energy Solutions Group

(Free Report)

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.

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